Swedish ASIC miner company kncminer.com

[ASIC-K]

Ignored.  Asshat who thinks he's a know-it-all.  Joins such illustrious members on that ignore list as Kuroth, Vigil, Eve, bbxx, and atomichaos....

+1

ignored, asshat!

[rizzman]

Actually, I make a great deal more mining on Slush than I do on BTC guild with my 83 Gh/s ....

I'm sure of it, its PPS... The only problem with it, is like I said, you get paid even if no blocks are found. Risk for reward

[rizzman]

Yeah, from what I'm reading here, I think I have a grasp of how it works.

I think PPS is crazy, I read about another pool (not sure which one) whose reserve was either stolen or lost.  This was a while ago, a year maybe.  I don't want a pool to open up the possibility of a scam or accidental loss, just so I get a predictable payout.  As long as the average is as high as possible and the variance isn't ridiculous.

I don't think solo mining with a Jupiter would be a good idea (for what I consider acceptable risk).  I'm not sure what the odds are of never finding a block, but I bet it's significant.  Depending what day I get it, I'm sure the odds could be 10% or more that I lose my entire investment going solo.  Of course, the odds are about the same that I mine 6 blocks (or whatever double the predicted rate is).

Is there a formula or calculator somewhere for variance?  eg, if the network hashrate is X and I have hashrate Y and my pool has hashrate Z (Y=Z for solo), I'd want a graph of odds of each amount of payout.  And if it could take into account increasing difficulty that would be great.

I agree, PPS is getting crazier with every terrahash that is added to the network... As for solo mining, I was referring to it being feasible after the network has plateaued and it is no longer profitable to pool mine. At that point a jupiter becomes a lottery ticket printer

[Anduck]

Ignored.  Asshat who thinks he's a know-it-all.  Joins such illustrious members on that ignore list as Kuroth, Vigil, Eve, bbxx, and atomichaos....

+1

ignored, asshat!

w2go LOL.

I didn't even say a word against KNC and these silly fanboys still start their play.
I should've listened to the guys who said BCT is these days filled with these kind of people, people who bring no value to the community.

FWIW, I think KNC will deliver but it'll be late.

[Puppet]

Seems to me to be the first truly reliably ASIC rig manufacturer.

Spoken like a BFL customer in 2010 after seeing a picture of their first FPGA, roughly a year or so before actually receiving one (at a lower hashrate and almost 5x or so the promised power consumption, even though both metrics were deemed conservative and likely to be exceeded), or one thats still waiting after what, 8? 12? months  after seeing a die shot of BFLs asic.  BFL was bad, but they didnt really have competition back then, even a 6 months delay wasnt really a drama.

So a hint: dont go spending all that KnC mining profit just yet. Pictures of chips = good, but not exactly a guarantee it will be hashing at your place a few weeks later and most definitely not that its a "truly reliable manufacturer"

(to be clear, Im not claiming the opposite either, we just dont know shit yet).

[xyzzy099]

Actually, I make a great deal more mining on Slush than I do on BTC guild with my 83 Gh/s ....

I'm sure of it, its PPS... The only problem with it, is like I said, you get paid even if no blocks are found. Risk for reward

A) Slush is NOT PPS

B) You do NOT get paid more on a PPS pool.  You just get less variance.  The miner is assuming NO extra risk on a PPS pool, so why would he make more?  It's the pool operator that is taking a risk.

[-Redacted-]

Actually, I make a great deal more mining on Slush than I do on BTC guild with my 83 Gh/s ....

I'm sure of it, its PPS... The only problem with it, is like I said, you get paid even if no blocks are found. Risk for reward

No slush is not PPS, it uses an an odd exponential function that severely penalizes pool hoppers.  If you leave a round before a block is found, your reward very quickly declines to zero.  Shares found closest to the block are worth more than shares at the beginning of the round, unless it happens to be a very short round.

Slush pretty consistently finds an average of 18-24 blocks per day, and i make about 0.030 per round with 83 Ghs.  That gets me 0.4 per day most other places - especially on PPS pools like 50 BTC.  On a good day on Slush I can make twice that, and on a bad day, a little less than that.

[r1senfa17h]

Ignored.  Asshat who thinks he's a know-it-all.  Joins such illustrious members on that ignore list as Kuroth, Vigil, Eve, bbxx, and atomichaos....

+1

ignored, asshat!

w2go LOL.

I didn't even say a word against KNC and these silly fanboys still start their play.
I should've listened to the guys who said BCT is these days filled with these kind of people, people who bring no value to the community.

FWIW, I think KNC will deliver but it'll be late.

Anduck,

The reaction you're receiving here is due to your question about anyone seeing a "working chip". Had you spent a few minutes reading KnC's website or this thread, you'd know that there will not be a working chip shown until they're ready to ship the finalized unit to customers (~12 days from now). Furthermore, you're probably the 20th person to ask that question in recent history. I think the participants of this thread are simply tired of the lack of effort put into research.

To make things worse, people like to use the "working chips" question as a way to troll everyone else. You may not have intended to act like a troll, but that's how others will perceive you.

[xstr8guy]

For being the 2nd largest pool, it's odd that you rarely hear someone mentioning 50btc in pool discussions like this.  I've never tried them (Bitminter and BTCGuild are my preferred pools) but I wonder where all that hashing power is coming from.

Cheers to the wafer!  Now I wish they'd let me upgrade my Mercury to a Jupiter.  Stupid ME for hedging my bets.  Lol.

[Meizirkki]

I wanna see their rig hashing! 

[neordicICE]

I wanna see their rig hashing! 

Me too, at my home. Just 2 weeks left 

[Tigggger]

btcguild via PPLNS for the 3% fee.  Easy to withdrawal and monitor on my iphone. 

How can it be monitored on Android?

https://play.google.com/store/apps/details?id=org.cryptcoins.btcare&hl=en_GB

[Bitcoinorama]

I wanna see their rig hashing! 

We all do. For them it's probably like giving birth, they're probably burning a whole in he rug pacing up and down waiting, just hope they can keep their cool at the point of delivery. I'd seriously be all fingers and thumbs!

[rizzman]

Actually, I make a great deal more mining on Slush than I do on BTC guild with my 83 Gh/s ....

I'm sure of it, its PPS... The only problem with it, is like I said, you get paid even if no blocks are found. Risk for reward

A) Slush is NOT PPS

B) You do NOT get paid more on a PPS pool.  You just get less variance.  The miner is assuming NO extra risk on a PPS pool, so why would he make more?  It's the pool operator that is taking a risk.

That is a half truth. IF the pool has enough BTC in reserve, it will pay you out regardless of whether the shares you contributed amounted to solving a block or not. now, IF the pool DOES NOT have enough BTC in reserve, and you contribute X amount of shares towards a block which amounts to nothing, then the pool has an obligation (and I use the term obligation loosely) to pay you out for each share even if the pool did not solve a block. Then the owner of the pool has to make a decision. A. Pay out of his own pocket the BTC owed to you, OR B. Bankrupt the Pool and leave you high and dry....It has happened. research Bitclockers.com - the pool tried pay PPS at a less than 3% rake and the pool went bankrupt. alot of people lost alot of coin because of this. I personally lost .29 BTC but it was enough to make me pay attention to how a pool operates much more acutely.

PPLNS is different as it will never pay out more than the pool brings in. Ultimately, its up to you, if you wanna risk it with PPS, and you feel comfortable with it, go ballz deep.. no problem. Just know what your getting into.

On a side note, One lesson learned by a lot of people over at bitclockers is that anyone who is mining large amounts of coin should not leave it inside the pool. Set your auto payout triggers to something low so that you will know IF and/or a pool is having a problem paying its miners.

[rizzman]

Actually, I make a great deal more mining on Slush than I do on BTC guild with my 83 Gh/s ....

I'm sure of it, its PPS... The only problem with it, is like I said, you get paid even if no blocks are found. Risk for reward

No slush is not PPS, it uses an an odd exponential function that severely penalizes pool hoppers.  If you leave a round before a block is found, your reward very quickly declines to zero.  Shares found closest to the block are worth more than shares at the beginning of the round, unless it happens to be a very short round.

Slush pretty consistently finds an average of 18-24 blocks per day, and i make about 0.030 per round with 83 Ghs.  That gets me 0.4 per day most other places - especially on PPS pools like 50 BTC.  On a good day on Slush I can make twice that, and on a bad day, a little less than that.

I completely agree with you that it is better for the miner when it works / the pool is well funded and reputable. The thing to lookout for is when everyone starts piling into the pool and the luck doesn't adjust to the newly recruited miners... with the amount of interest/hashpower that its being brought online, the risk increases.

How sure are you that they are not using PPS? I originally created an account with them until I read some wheres they were a PPS pool then the buck stopped there.

[Nemo1024]

There was a question about the feasability of solo mining.
Go here: www.bitcoinx.com/profit/
Punch in your hashrate and expected difficulty and read out your chances.

[dwdoc]

I apologize profusely to those who have been waiting for delivery from BFL, in some cases for over a year, and I realize this may be adding salt to the wound but in the interest of full disclosure they appear to be sending our bulk chip orders on schedule. I received my chips exactly 100 days after paying my deposit. I bought from KnCminer and Metabank at the same time and have received nothing so far from them. Not sure whether this is because it's much simpler to send just chips (Avalon chip buyers might disagree) or because BFL was motivated to collect the balance due on delivery. However this might be a better pre-order model going forward: Collect half upfront and half on delivery...

[Mota]

I apologize profusely to those who have been waiting for delivery from BFL, in some cases for over a year, and I realize this may be adding salt to the wound but in the interest of full disclosure they appear to be sending our bulk chip orders on schedule. I received my chips exactly 100 days after paying my deposit. I bought from KnCminer and Metabank at the same time and have received nothing so far from them. Not sure whether this is because it's much simpler to send just chips (Avalon chip buyers might disagree) or because BFL was motivated to collect the balance due on delivery. However this might be a better pre-order model going forward: Collect half upfront and half on delivery...

you missed the part where bfl had the chips pretty much paid for in preorder money when they started to produce them and where they decided to part with the old chips and try out their "next gen" miner...
That is pretty much the difference, KNC needed the preorder money to fund the masks, BFL had them already. Maybe you will see another payment mode on the gen 2 models...

[Anduck]

Ignored.  Asshat who thinks he's a know-it-all.  Joins such illustrious members on that ignore list as Kuroth, Vigil, Eve, bbxx, and atomichaos....

+1

ignored, asshat!

w2go LOL.

I didn't even say a word against KNC and these silly fanboys still start their play.
I should've listened to the guys who said BCT is these days filled with these kind of people, people who bring no value to the community.

FWIW, I think KNC will deliver but it'll be late.

Anduck,

The reaction you're receiving here is due to your question about anyone seeing a "working chip". Had you spent a few minutes reading KnC's website or this thread, you'd know that there will not be a working chip shown until they're ready to ship the finalized unit to customers (~12 days from now). Furthermore, you're probably the 20th person to ask that question in recent history. I think the participants of this thread are simply tired of the lack of effort put into research.

To make things worse, people like to use the "working chips" question as a way to troll everyone else. You may not have intended to act like a troll, but that's how others will perceive you.

They will need to have atleast few chips to test the chip itself. They must get a lot data from the actual chip - how can they ship a product to end-user that includes a chip that has only been simulated?
If they don't have chips to test yet, they will be late. Just like Bitfurys chip differed from the simulations kinda lot. Same with BFL. How would it be different with KNC? Really?

[Biomech]

Ignored.  Asshat who thinks he's a know-it-all.  Joins such illustrious members on that ignore list as Kuroth, Vigil, Eve, bbxx, and atomichaos....

+1

ignored, asshat!

w2go LOL.

I didn't even say a word against KNC and these silly fanboys still start their play.
I should've listened to the guys who said BCT is these days filled with these kind of people, people who bring no value to the community.

FWIW, I think KNC will deliver but it'll be late.

Anduck,

The reaction you're receiving here is due to your question about anyone seeing a "working chip". Had you spent a few minutes reading KnC's website or this thread, you'd know that there will not be a working chip shown until they're ready to ship the finalized unit to customers (~12 days from now). Furthermore, you're probably the 20th person to ask that question in recent history. I think the participants of this thread are simply tired of the lack of effort put into research.

To make things worse, people like to use the "working chips" question as a way to troll everyone else. You may not have intended to act like a troll, but that's how others will perceive you.

They will need to have atleast few chips to test the chip itself. They must get a lot data from the actual chip - how can they ship a product to end-user that includes a chip that has only been simulated?
If they don't have chips to test yet, they will be late. Just like Bitfurys chip differed from the simulations kinda lot. Same with BFL. How would it be different with KNC? Really?

We of course don't know. However, their recent announcement that the chips do indeed hash faster than advertised would tend to indicate that they had sample chips to work with.

Also, both BFL and Bitfury (regardless of their morals, which seem to be on opposite poles) are essentially amateurs, whereas the KnC/OrSOC team are ASIC engineers. The only thing new to them on this, aside from the venture itself, is the Application that is Specific to the Integrated Circuit. Seasoned professionals generally get better results for the effort involved than amateurs. No offense intended toward Bitfury, as that is one TALENTED amateur.